Soros Fund Management LLC Reduces Stake in American International Group, Inc. (NYSE:AIG)

Soros Fund Management LLC cut its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 53.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,300 shares of the insurance provider's stock after selling 134,600 shares during the period. Soros Fund Management LLC's holdings in American International Group were worth $8,663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in American International Group by 348.6% during the first quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider's stock worth $4,506,000 after buying an additional 44,797 shares in the last quarter. Cetera Advisors LLC boosted its holdings in American International Group by 80.9% during the first quarter. Cetera Advisors LLC now owns 9,224 shares of the insurance provider's stock worth $721,000 after purchasing an additional 4,124 shares during the last quarter. CWM LLC grew its position in American International Group by 7.2% in the 2nd quarter. CWM LLC now owns 12,989 shares of the insurance provider's stock worth $964,000 after purchasing an additional 874 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in American International Group in the 2nd quarter valued at about $213,000. Finally, Sendero Wealth Management LLC lifted its position in shares of American International Group by 1.7% during the 2nd quarter. Sendero Wealth Management LLC now owns 32,631 shares of the insurance provider's stock worth $2,423,000 after buying an additional 553 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Buying and Selling

In related news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company's stock, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price target on American International Group from $77.00 to $76.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. UBS Group raised their price objective on shares of American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their target price on shares of American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, American International Group currently has an average rating of "Moderate Buy" and an average target price of $84.80.

American International Group Price Performance

Shares of AIG stock traded down $1.03 during trading on Friday, hitting $75.11. The company had a trading volume of 1,382,495 shares, compared to its average volume of 4,085,896. American International Group, Inc. has a 52 week low of $64.81 and a 52 week high of $80.83. The stock has a market capitalization of $46.85 billion, a price-to-earnings ratio of -22.14, a price-to-earnings-growth ratio of 7.45 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock's 50-day moving average is $76.00 and its two-hundred day moving average is $75.41.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period in the previous year, the firm posted $1.61 EPS. As a group, analysts predict that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. American International Group's dividend payout ratio is -47.20%.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.